The social networking giant announced its latest multi-billion-dollar acquisition last month, paying $2 billion for Oculus VR, including $400 million in cash and 23.1 million shares of Facebook common stock.

"Oculus has the chance to create the most social platform ever, and change the way we work, play and communicate," Facebook CEO Mark Zuckerberg said at the time.

In fact, the entrepreneur envisions a future where Facebook users could slip on a set of the virtual reality goggles and enjoy a court-side seat at a basketball game, consult with a doctor face-to-face, or go shopping in a virtual store.

The news dropped about a week after Oculus VR released its next-gen development kit for the Rift headset. The $350 kit, dubbed DK2, is available to order, and will begin shipping in July.

But not everyone is looking forward to the arrival of the new Oculus software, especially Markus "Notch" Persson. The Minecraft creator was particularly vocal about his displeasure with the deal, writing in a tweet last month that he cancelled a deal with the VR headset because "Facebook creeps me out."

Even Oculus founder Palmer Luckey was initially doubtful about the partnership. He eventually came around, saying that purchase "became the clear and obvious path to delivering virtual reality to everyone."

The headset got its start on crowdfunding site Kickstarter. When the Facebook deal was announced, many backers were irked and requested a refund, lashing out at Luckey for "selling out" the Rift's original fan base.

But none of that stopped the Federal Trade Commission from giving the companies the go-ahead to complete their high-profile deal.

This week's news comes just after the social media giant won antitrust approval to acquire global messaging service WhatsApp for $16 billion. The newest Facebook subsidiary on Tuesday announced a milestone 500 million users around the world.

Stephanie began as a PCMag reporter in May 2012. She moved to New York City from Frederick, Md., where she worked for four years as a multimedia reporter at the second-largest daily newspaper in Maryland. She interned at Baltimore magazine and graduated from Indiana University of Pennsylvania (in the town of Indiana, in the state of Pennsylvania) with a degree in journalism and mass communications.
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